The acquisition will be at a company value of $11-12 million.
Sources inform ''Globes'' that Markstone Capital Partners Group LLC is likely to acquire a 55% controlling interest in D&B Israel at a company value of $11-12 million (NIS 45-50 million). Focus Holdings currently controls D&B Israel.
Markstone will finance most of the acquisition with proceeds from a financing round among investment institutions in Golden Pages Ltd. (Dapey Zahav). Market sources believe that the acquisition of D&B Israel was made at an earnings before interest, taxes, depreciation and amortization (EBITDA) multiple of 7.5 for 2006, compared with a multiple of 11-14 for corresponding deals in other countries.
Markstone and D&B Israel declined to comment on the report.
Published by Globes [online], Israel business news - www.globes.co.il - on December 24, 2006
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006